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The Las Vegas winter meetings showed us once again that the Bronx Bombers are still the poster child for baseball overspending. The sky’s the limit. Yes, the bottomless pit of the Majors emerged with the best available pitchers on the free agent market, signing former Cy Young award winner CC Sabathia to a record breaking seven-year, $161 million contract, and AJ Burnett to a five-year, $82.5 million pact. General Manager Brian Cashman is now attempting to overpay Andy Pettitte, squeezing out one more year of service from the veteran lefty (14-14, 4.54 ERA, and a woeful second half).

Ah, yes, what happened to the good old days of just one year ago, when the Yanks were bragging about a pitcher’s youth movement? Only youngster Joba Chamberlain remains a candidate for the rotation. Names like Darrell Rasner, Ian Kennedy, Phil Hughes, and Dan Giese were on display, with new blood and high hopes. Of course, it didn’t help that their collective records were 6-21 last year, with a combined ERA that can only accelerate global warming. It also doesn’t help that the only way to fill the new luxury boxes in the new House that Ruth Built (aided by taxpayers), is to open the wallet and spend on proven commodities. There’s no time to rebuild. Not in Yankee-land.

So sit back and relax, Yankee fans. Put your money under the mattress, hold on to your job, spend time with the family, and enjoy the half-off sales. Right around the time the weather heats up, you can safely anticipate another year of making the playoffs, provided The Yanks get an additional megastar to watch A-Rod’s back (Mark Teixeira?), aside from, of course, Madonna.